Real estate transactions in Bahrain rose to BD775.2 million ($2.04 billion) during the first half of this year from BD745.8 million last year, reported BNA, citing a senior official. The total number of transactions increased to 5,099, compared to 5,005 in the previous year.

As per official data, there was a 20.75 per cent jump in the value of property transactions by non-Bahrainis compared to a 4.39 per cent increase among Bahrainis, said Survey and Land Registration Bureau (SLRB) President Bassem Al Hamer.

The highest single-day transaction value in this period was recorded on April 21, reaching BD53.6 million, he stated, underscoring the continued growth of Bahrain’s real estate market.

By governorate, the Capital Governorate led with BD265.4 million in transactions and a 32.84 per cent growth rate, followed by Muharraq Governorate with BD197.6 million (13.52 per cent growth), and the Northern Governorate with BD215.1 million (5.82 per cent growth).

House sales accounted for the largest share, with a total of BD215 million and a 14.54 per cent increase. Apartment sales followed at BD107.8 million, reflecting 1.91 per cent growth, said the BNA report.

Ownership transfer figures showed a near gender balance, with 58 per cent of transactions by men and 42 per cent by women, indicating an inclusive and attractive property market supported by various incentives, stated Al Hamer.